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The formula for salary to hourly we use is: The yearly salary is divided by the number of work hours during the year, where the number of work hours is derived by first calculating the number of work hours per day by dividing the hours per week by the work days per week, and then multiplying by the total number of work days per year.How do you calculate rate per hour?
To calculate your hourly rate, first add your yearly salary to your expenses. This is the amount of money you need to make in a year to maintain your desired lifestyle. Then, divide this by your billable hours (not your total hours worked). The result is your hourly rate.